Herc Holdings Inc. (NYSE:HRI - Get Free Report) dropped 5.6% during trading on Tuesday . The company traded as low as $106.14 and last traded at $104.85. Approximately 52,330 shares were traded during trading, a decline of 85% from the average daily volume of 359,940 shares. The stock had previously closed at $111.11.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on HRI. JPMorgan Chase & Co. lowered their price objective on shares of Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Robert W. Baird reduced their price target on Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Barclays lowered their price objective on Herc from $250.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group restated a "buy" rating and issued a $146.00 target price (down previously from $171.00) on shares of Herc in a report on Tuesday, April 22nd. Finally, Citigroup dropped their price target on shares of Herc from $165.00 to $140.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Herc currently has a consensus rating of "Moderate Buy" and an average target price of $139.20.
Read Our Latest Analysis on Herc
Herc Trading Down 3.6 %
The firm's fifty day moving average is $129.43 and its two-hundred day moving average is $178.20. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. The firm has a market cap of $3.05 billion, a P/E ratio of 14.51, a PEG ratio of 1.61 and a beta of 1.93.
Herc (NYSE:HRI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $2.51 by ($1.21). Herc had a return on equity of 26.48% and a net margin of 5.91%. The company had revenue of $861.00 million during the quarter, compared to analysts' expectations of $841.67 million. During the same quarter last year, the business earned $2.36 earnings per share. Analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.
Herc Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a $0.70 dividend. The ex-dividend date was Tuesday, February 18th. This is an increase from Herc's previous quarterly dividend of $0.67. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.61%. Herc's dividend payout ratio is currently 62.36%.
Hedge Funds Weigh In On Herc
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp increased its position in Herc by 878.9% during the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock valued at $35,000 after buying an additional 167 shares in the last quarter. Quarry LP increased its holdings in shares of Herc by 646.7% during the fourth quarter. Quarry LP now owns 224 shares of the transportation company's stock valued at $42,000 after acquiring an additional 194 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Herc by 53.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock worth $44,000 after purchasing an additional 80 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Herc during the 4th quarter valued at about $59,000. Finally, PNC Financial Services Group Inc. grew its position in Herc by 54.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company's stock valued at $70,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 93.11% of the company's stock.
About Herc
(
Get Free Report)
Herc Holdings Inc, together with its subsidiaries, operates as an equipment rental supplier. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment, as well as generators, and safety supplies and expendables; and provides ProSolutions, an industry specific solution based services, such as pumping solutions, power generation, climate control, remediation and restoration, and studio and production equipment.
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